The new year has already seen shifts in personnel at Credit Suisse’s operations, culminating in the departure of its UK Head, Garrett Curran, who reportedly will be parting ways with the banking group in early February, according to a recent Reuters report.
The move is the latest in a string of changes incurred by Credit Suisse’s UK division. Back in late November, Credit Suisse underwent a series of changes to its London-based Macro Hedge Fund Unit, which saw the departure of several members of its team.
The shakeup involved the majority of Credit Suisse’s Macro Hedge Fund Sales unit being let go, including its Head of Macro Hedge Fund Sales, Philippe Katz, as well as Macro Hedge Fund Sales specialists Phil Valori, Jimmy Yip, and Johann Benharroch.
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The latest move and the announced departure of Mr. Curran represents an effort at restructuring by Credit Suisse Chief Executive Tidjane Thiam in order to shift the bank’s focus towards wealth management.
Mr. Curran has been a mainstay at Credit Suisse for over seven years, having originally joined the group as the Head of Fixed Income sales. More recently however, he has also worked as the Chief Executive of the bank’s UK operation, including coverage of European, Middle Eastern and African region (EMEA).
It is presently unknown who, if anyone, will be replacing Mr. Curran at Credit Suisse, or what other changes the unit will be undergoing in 2016.